E865: Rest Bay, Porthcawl, Glamorgan, Wales CF36
Seventy-one Apartments in a SPECTACULAR Development
sold on 250-year Leases from 25th March 2019
at a combined (rising) ground rent of £ 16,165 per annum
being 0.1% or less of the recent Sale Value of each Demise
The Ground Rents will next be reviewed in 2044 and THEN EVERY FIVE YEARS THEREAFTER to RPI
Thirty-five converted, thirty-six new build, seven Rents at a peppercorn.
The Landlord Insures and recovers all costs AS ADDITIONAL RENT
Sum Insured: £26,373,351. Premium: £34,216.12. Renewal Date: 12th December 2023.
A Lessee owned Management Company Manages the Estate
The Landlord owns everything above the ceilings, below the floors and the building envelope
and can Develop as they see fit.
The Lessees cannot alter their premises without the written consent of the Landlord.
Section V Notices have not yet been served.
Copy documents: Draft Leases, Sale Price/Ground Rent Schedule; Insurance Summary of Cover
Original Developer Selling
GUIDE PRICE £350,000
